John Sanchez on Tax Reform

For tax cuts; for spending caps; against earmarks

Former Congresswoman Wilson took part in digging the economic hole that we are in, by voting:

Against tax cuts

Against spending caps

For tax increases

For increased government spending

For earmarks and pork barrel spending

In fact, Wilson was one of the most prolific earmarkers in the US Congress. According to the Center for Responsive Politics and Taxpayers for Common Sense, Wilson earmarked over $143 million in FY '08-'09 alone.

Cut income tax & capital gains taxes

Sanchez believes that we need tax cuts to jumpstart the economy, create jobs, and grow hope and opportunity for every New Mexican. Cut the personal income tax: our current rate of 8.2% is outrageously high. Sanchez will fight to cut the personal income
tax in New Mexico. Reduce the capital gains tax: this tax discourages out-of-state businesses from relocating to New Mexico. Sanchez supports a 5-year reduction of the capital gains tax to levels at our below our personal income tax rate.